Research analysts who have asked questions during TORONTO DOMINION BANK earnings calls.
PH
Paul Holden
CIBC World Markets
9 questions for TD
Also covers: BMO, BNS, GRWTF +5 more
GD
Gabriel Dechaine
National Bank Financial
8 questions for TD
Also covers: , BMO, BNS +6 more
SM
Sohrab Movahedi
BMO Capital Markets
8 questions for TD
Also covers: BAM, BN, BNS +2 more
DY
Doug Young
Desjardins Capital Markets
5 questions for TD
Also covers: , BMO, BNS +7 more
Ebrahim Poonawala
Bank of America Securities
5 questions for TD
Also covers: , BK, BMO +31 more
JA
John Aiken
Jefferies Securities
5 questions for TD
Also covers: BMO, BNS, CM +3 more
DM
Darko Mihelic
RBC Capital Markets
4 questions for TD
Also covers: , BMO, BNS +4 more
LP
Lemar Persaud
Cormark Securities
3 questions for TD
Also covers: BMO, BNS, CM +3 more
Matthew James Lee
Canaccord Genuity Group
2 questions for TD
Also covers: BMO, BNS, RY
Matthew Lee
Canaccord Genuity
2 questions for TD
Also covers: BMO, BNS, CAE +1 more
Meny Grauman
Scotiabank
2 questions for TD
Also covers: , BMO, CM +4 more
ND
Nigel D'Souza
Veritas Investment Research
2 questions for TD
Also covers: BNS, CM, GRWTF +2 more
Shalabh Garg
Veritas Investment Research Corporation
2 questions for TD
Also covers: BMO, CM
JG
Jill Glaser Shea
UBS
1 question for TD
Also covers: AFRM, BNS, RY +1 more
MR
Mehmed Rizvanovic
KBW Research
1 question for TD
Also covers: BMO, VBNK
Recent press releases and 8-K filings for TD.
TD Bank Group Reports Strong First Quarter 2026 Results
TD
Earnings
Revenue Acceleration/Inflection
- TD Bank Group reported strong financial results for the first quarter ended January 31, 2026, with reported net income increasing 45% to $4,043 million and adjusted net income rising 16% to $4,216 million compared to the first quarter last year.
- Diluted earnings per share (EPS) for Q1 2026 were $2.34 (reported) and $2.44 (adjusted).
- The Canadian Personal and Commercial Banking segment achieved record revenue, earnings, deposit, and loan volumes, with its net income increasing 12% year-over-year to a record $2,044 million.
- Total reported revenue for the quarter was $16,585 million.
4 days ago
TD Bank Reports Record Q1 2026 Earnings and Outlines Strategic Progress
TD
Earnings
Share Buyback
Guidance Update
- TD Bank reported a strong Q1 2026 with record earnings of CAD 4.2 billion and EPS of CAD 2.44, achieving an ROE of 14.2%, up 100 basis points year-over-year.
- The bank completed an $8 billion share buyback and initiated a new $7 billion share buyback, repurchasing approximately 84 million shares across these programs in Q1.
- Management expects $500 million in AML remediation spend for fiscal 2026 and is on track to achieve its 3%-4% expense growth target for the same period.
- TD Bank incurred CAD 200 million in restructuring charges in Q1, concluding the program with total charges of CAD 886 million and expecting CAD 775 million in fully realized annual cost savings.
- The company sees potential upside to its fiscal 2026 targets of 6%-8% EPS growth and 13% ROE, and is confident in its path to a 16% ROE.
5 days ago
TD Bank Group Reports Record Q1 2026 Earnings and Strong Capital Position
TD
Earnings
Guidance Update
Share Buyback
- TD Bank Group reported record earnings of CAD 4.2 billion and EPS of CAD 2.44 for Q1 2026, with an ROE of 14.2%, marking a 100 basis point year-over-year increase.
- The bank achieved its third consecutive quarter of positive operating leverage and an 11% year-over-year revenue growth.
- The restructuring program concluded with total pre-tax charges of CAD 886 million, projected to yield CAD 775 million in annual pre-tax cost savings.
- TD's Q1 CET1 ratio stood at 14.5%, and it completed an $8 billion share buyback while initiating a new $7 billion share buyback, repurchasing approximately 84 million shares across both programs.
- Management expressed confidence in reaching a 16% ROE and sees potential upside to its fiscal 2026 targets of 6%-8% EPS growth and 13% ROE, assuming positive macroeconomic conditions persist.
5 days ago
TD Bank Reports Record Q1 2026 Earnings and EPS
TD
Earnings
Share Buyback
Guidance Update
- TD Bank delivered a strong Q1 2026 with record earnings of CAD 4.2 billion and EPS of CAD 2.44, achieving an ROE of 14.2%, up 100 basis points year-over-year.
- The bank reported 11% year-over-year revenue growth and continued positive operating leverage for the third consecutive quarter, remaining on track for its 3%-4% expense growth target for fiscal 2026.
- TD completed an $8 billion share buyback and launched a new $7 billion share buyback, repurchasing approximately 84 million shares across these programs. The bank's Q1 CET1 ratio was 14.5%.
- The company concluded its restructuring program, expecting CAD 775 million in annual cost savings, and is targeting CAD 2.2 billion-CAD 2.5 billion in annualized cost savings over the medium term, partly driven by a $1 billion AI strategy.
- TD sees potential upside to its 6%-8% EPS growth and 13% ROE targets for fiscal 2026, with confidence in reaching a 16% ROE and managing towards a 13% CET1 ratio by the second half of fiscal 2027.
5 days ago
TDb Split Corp. Renews At-The-Market Equity Program
TD
New Projects/Investments
- TDb Split Corp. has renewed its at-the-market equity program (ATM Program), effective January 22, 2026, allowing for the issuance of Class A Shares or Priority Equity Shares until February 21, 2028.
- This program replaces a prior one established in December 2023.
- The maximum gross proceeds from the issuance of shares under this program will be $75,000,000.
- Sales will be conducted on the Toronto Stock Exchange or other Canadian marketplaces at prevailing market prices.
- The company intends to use the proceeds in accordance with its investment objectives and strategies, which include investing in common shares of Toronto-Dominion Bank.
Jan 22, 2026, 2:00 PM
TD Bank Group Announces Redemption of Subordinated Notes
TD
- The Toronto-Dominion Bank (TD Bank Group) announced its intention to redeem all of its outstanding $1.25 billion 4.859% medium term notes due March 4, 2031.
- The redemption date is set for March 4, 2026, with a redemption price of 100% of the principal amount, plus accrued and unpaid interest to that date.
- These notes are classified as non-viability contingent capital (NVCC) and constitute subordinated indebtedness, which will be cancelled and not reissued after redemption.
Jan 21, 2026, 1:47 AM
TD Bank Receives Approval for New Share Buyback Program
TD
Share Buyback
- The Toronto-Dominion Bank (TD) has received regulatory approval for a new normal course issuer bid (NCIB) to repurchase for cancellation up to $7 billion of its common shares, not to exceed 61 million common shares.
- This new bid will commence on January 20, 2026, and is scheduled to terminate on the earliest of January 15, 2027, the date the aggregate purchase cost reaches $7 billion, or the date the maximum number of common shares is reached.
- TD has completed its previously announced NCIB, under which it repurchased $8 billion or 80,208,644 common shares at an average price of $99.74 per common share.
- The maximum number of shares that may be repurchased under the new bid represents approximately 3.64% of the public float as at January 9, 2026.
- As of October 31, 2025, the Bank's Common Equity Tier 1 ratio was 14.70%.
Jan 16, 2026, 4:05 PM
Toronto-Dominion Bank Issues Senior Medium-Term Notes
TD
Debt Issuance
- The Toronto-Dominion Bank issued a total of US$2,500,000,000 in Senior Medium-Term Notes on January 13, 2026, comprising US$1,000,000,000 of 3.913% Senior Medium-Term Notes, Series F, due 2028, US$600,000,000 of Floating Rate Senior Medium-Term Notes, Series F, due 2028, and US$900,000,000 of 4.411% Senior Medium-Term Notes, Series F, due 2031.
- These notes were issued under an Indenture dated June 30, 2006, and a First Supplemental Indenture dated September 24, 2018.
- Legal opinions from U.S. and Canadian counsel, Simpson Thacher & Bartlett LLP and McCarthy Tétrault LLP respectively, confirmed the validity and enforceability of the notes.
Jan 13, 2026, 9:05 PM
TD Bank Group Announces New Share Buyback Program
TD
Share Buyback
- TD Bank Group announced its intention to launch a new normal course issuer bid to repurchase for cancellation up to $7 billion of its common shares, not to exceed 61 million common shares.
- This new share buyback program will commence after the completion of the existing normal course issuer bid, under which TD had already repurchased approximately $7.53 billion of common shares as of December 31, 2025.
- The new bid represents up to 3.63% of the common shares issued and outstanding as of December 31, 2025, and is subject to regulatory and Toronto Stock Exchange approvals.
Jan 8, 2026, 1:50 AM
TD Bank Group Reports Strong Q4 2025 Momentum and Outlines 2026 Strategic Priorities
TD
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- TD Bank Group exited Q4 2025 with strong momentum, achieving number one year-on-year growth in Canadian personal deposits, credit cards, and residential mortgages, and CAD 2.2 billion in revenues for TD Securities.
- The company is executing a unit cost management strategy, leading to structural cost reductions, including a 21% decrease in mortgage adjudication costs from CAD 514 to CAD 390 per unit. A CAD 825 million restructuring charge will generate CAD 750 million in pre-tax annualized benefits.
- Strategic investments are focused on accelerating growth and increasing fee revenue, with plans to add 1,200 wealth advisors and 880 business bankers in Canada, and 500 wealth advisors and 200 commercial bankers in the U.S..
- For 2026, TD anticipates moderate Net Interest Margin (NIM) expansion in the U.S. and potential NIM expansion in Canada's second half, while committing to Investor Day targets for EPS, ROE, cost management, and returning excess capital to shareholders.
Jan 6, 2026, 6:20 PM
Quarterly earnings call transcripts for TORONTO DOMINION BANK.
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